Deposit lien requirement for research analysts strengthens recovery by allowing use of liened deposit to satisfy dispute awards. Regulation 8 is amended to require the deposit to be maintained in a form or manner specified by the Board and to be marked as a lien in favour of a Board recognised body corporate responsible for administration and supervision. The liened deposit may be utilised if the research analyst fails to pay dues arising from arbitration and conciliation proceedings under the Online Dispute Resolution Mechanism or other mechanisms specified by the Board.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deposit lien requirement for research analysts strengthens recovery by allowing use of liened deposit to satisfy dispute awards.
Regulation 8 is amended to require the deposit to be maintained in a form or manner specified by the Board and to be marked as a lien in favour of a Board recognised body corporate responsible for administration and supervision. The liened deposit may be utilised if the research analyst fails to pay dues arising from arbitration and conciliation proceedings under the Online Dispute Resolution Mechanism or other mechanisms specified by the Board.
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